Earth observation constellation operator Satellogic cuts staff, delays new factory after ‘disappointing’ revenue result

by Peter B. de Selding

LA PLATA, Maryland — Earth observation constellation operator Satellogic, facing unexpected market headwinds, is cutting staff and other non-essential costs and delaying the entry into service of its high-throughput satellite manufacturing plant in the Netherlands to preserve cash.

The company said its full-year 2022 revenue, which it had expected in April would be $37 million and growing to $240 million in 2024, will now be around $7 million, growing to $40 million in 2023 and $90 million in 2024.

Founder and Chief Executive . . .

To view the entire article, become a subscriber!

You may also like